Which of the Following Statements Is True

question 3

Multiple Choice

Which of the following statements is true?

• A)Ordinary life insurance involves policies marketed on an individual basis, on which policyholders make periodic premium payments.
• B)Ordinary life insurance involves policies marketed on an individual basis, on which policyholders make a lump sum payment at maturity of the policy.
• C)Ordinary life insurance involves policies marketed on an individual basis, on which policyholders receive periodic premium payments.
• D)Ordinary life insurance involves policies marketed on an individual basis, on which policyholders receive a lump sum payment at maturity of the policy.

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Definitions:

Young Old

Refers to the younger segment of the elderly population, often considered those aged 65 to 74, who are typically more active and healthy than older seniors.

Predictors

Variables or factors that can be used to forecast or estimate future events or outcomes.

Social Class

A division of society based on social and economic status, affecting individuals' lifestyles, education, and occupational opportunities.

Cohesion

The degree to which components of a system work or stick together as a united whole, commonly used to refer to group solidarity or unity.